More evidence that yes, rising prices change consumers’ behavior.
Category Archives: energy
The ungouging of gas prices
As long as you’re willing to twist (or ignore) enough of the facts, you can continue to be persuaded that the earth is actually flat.
Only 17 more (oil) shopping days until December 31
Does everybody remember this story from July 3?
Oil sands
Are oil sands the answer to peak oil? They’ll help some, to be sure. But they’re not a reason to ignore the issue.
Windfall profits tax
Here’s a summary of some of the recent discussion about the proposal of a tax on the windfall profits of oil producers.
Oil grilling
Sometimes I like to base exam questions for my students on recent news. Here’s an exam question to see how thoroughly students understand the economic issues associated with today’s allegations about oil companies and the Cheney energy task force.
Peak Oil at the American Enterprise Institute
A week ago I participated in a discussion at the American Enterprise Institute on peak oil. A video of the event can be downloaded from E&ETV and a transcript is available from Peak Oil News.
Senate finds the facts about Big Oil
The
Senate Committee on Energy and Natural Resources grilled oil company executives yesterday about their role in recent oil price increases. For some reason I did not find any coverage in the mainstream media of this very interesting exchange between the senators and oil tycoon Jed Clampett.
Gasoline prices down
Gas prices have dropped a lot, and further declines are in sight. What’s that mean for fuel demand and the overall economy?
Autos continue to tank
The worst October for U.S. auto sales in the last 13 years, it was.